Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA)

Northern Trust 2030 Tax-Exempt Distributing Ladder ETF is a fixed income fund from Northern Trust Asset Management. It holds a ladder of municipal bonds designed to mature in a defined span leading up to 2030, seeking income exempt from federal income tax.

As bonds in the ladder mature, the fund distributes the proceeds to shareholders along with interest income, gradually returning capital as it approaches its final year, after which it is expected to liquidate. Shares trade on NYSE Arca.